Management buy out at Offaly-based construction company
Bretland Construction, a leading construction company headquartered in Edenderry, has successfully completed a Management Buyout (MBO).
Established in 1999 by Fechin and Mary Daly, Bretland Construction has evolved into one of Ireland’s most significant construction firms, with projects ranging from bespoke residential homes to complex commercial and industrial developments across Ireland.
The MBO signifies an exit of Fechin and Mary Daly. The company will continue under the leadership of current board members, Coleman Yates (Managing Director), Anne Marie McCormack (Operations Director), Tony Meehan (Commercial Director) and Ruth Heeney (Finance Director).
Managing Director Coleman Yates said: “We are delighted to have successfully completed this significant milestone and are genuinely excited about the opportunities ahead. Bretland Construction has always thrived on a foundation built of integrity, excellence, and teamwork. We are committed to continuing this tradition of delivering exceptional results for our clients.
"On behalf of our entire management team, I want to sincerely thank Fechin and Mary Daly for their unwavering support, mentorship, and trust over the years. Their legacy will be honoured as we embark on our next chapter of growth and innovation.”
Advisors assisting Bretland in this significant transition included Ross Little, Partner of Byrne Wallace Shields LLP, Owen Travers, Lender Advisor of Interpath Advisory, Derek Dervan in Valuation Tax from UHY Farrelly Dawe White, and Philip Carey, Business Banking Manager of PTSB.